OneDigital Investment Advisors LLC Raises Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

OneDigital Investment Advisors LLC raised its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,737 shares of the technology company’s stock after purchasing an additional 513 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Trade Desk were worth $848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. 1832 Asset Management L.P. purchased a new stake in Trade Desk during the first quarter worth $225,710,000. Baillie Gifford & Co. raised its position in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after acquiring an additional 1,558,465 shares in the last quarter. Marshall Wace LLP grew its position in shares of Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Trade Desk by 3,973.6% in the 2nd quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after purchasing an additional 437,967 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird lifted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. DA Davidson lifted their target price on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Truist Financial upped their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $119.42 on Wednesday. The stock has a 50 day moving average of $116.00 and a 200 day moving average of $103.17. The firm has a market capitalization of $58.94 billion, a price-to-earnings ratio of 195.77, a PEG ratio of 5.35 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the transaction, the chief executive officer now directly owns 664,261 shares in the company, valued at approximately $68,897,150.92. This represents a 16.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares of the company’s stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,289 shares of company stock valued at $169,165,185 in the last quarter. Insiders own 9.72% of the company’s stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.